9. Netherlands

Official Gold Holdings: 612.5 tonnes

Percent Of Foreign Reserves In Gold: 58.7 percent

The official gold holding of Netherlands is around 612.5 tonnes and the percent in foreign reserves in gold is 58.7 percent. In 1999, Netherland announced that it will be selling 300 tonnes of gold within the coming five years. But unfortunately was able to sell only 235 tonnes. This was announced under the Central Bank Gold Agreement 1 (CBGA1). Again under Central Bank Gold Agreement 2 (CBGA2) from the year 2004-2005 till 2008-2009, the country was able to sell only 165 tonnes of gold.

8. Japan

Official Gold Holdings: 765.2 Tonnes

Percent of Foreign Reserves in Gold: 3.1 percent

In the year 1950, Japan had gold reserves of only about 6 tonnes, where as today Japan’s gold holdings are near about 765.3 tonnes. The first serious jump noticed by the central bank of Japan was witnessed in the year 1959, also mounting the sales by 169 tonnes. In 2011, Bank of Japan sold gold worth ¥20 trillion into the country’s economy to boost up investments after the tsunami and nuclear disaster.

7. Russia

Official Gold Holdings: 976.9 tonnes

Percent of Foreign Reserves in Gold: 9.5 percent

In order to expand the Forex reserves, Russia has been trying to build its own gold reserves since 2006. The current official gold holdings of Russia are 976.9 tonnes and the percentage of foreign reserves is 9.5 percent. By purchasing domestically produced gold in 2012, Russia added around 75 tonnes to its reserve holdings.

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